Are you planning to buy an insurance policy to protect yourself as well as your family? It is indeed a very noble and sensible thought. However, before purchasing one, you should keep a few things in mind which are mentioned below:
-Firstly, decide on the people in your family you want to provide cover to through the policy. Secondly, determine the coverage amount required. This should take into account the existing coverage provided by the insurance offered by your employer as well as a rough estimate of your health expenses. Thirdly, decide the kind of policy which would be the best for you, such as individual, critical illness, floater or any other specialized policy. Next, compare the policies of different insurance providers. When you are finished with all these, get in touch with a broker or agent for purchasing the chosen policy.
-No document is required for purchasing a Health insurance policy apart from the bank draft or cheque needed for paying your premiums. However, if your age is above 45, you may have to undergo a medical examination along with other diagnostic tests such as blood tests.
-An insurance policy for your health can be bought either from a provider of general insurance directly or from intermediaries such as insurance brokers or agents who are authorized for the job. Never forget to check the authenticity of the intermediaries by asking for their IRDA certificate. It is a sign of their credibility and authenticity. Therefore, never shy away from making queries about it.
-There are also certain questions that need to be asked before you sign on the dotted line for the policy. For instance, you should ask whether cashless claim settlement will be facilitated by the insurer. Again, it is very important to know the diseases and ailments that the policy will not cover, especially in its initial years. Also, your coverage may be affected by certain pre-existing conditions. The insurance provider should clearly specify what these conditions are. Some of the permanent exclusions include dental surgery, cosmetic surgery and AIDS. However, it is always better to clarify things.
Owing to escalating expenses related to health care, sub-limits have been enforced by many insurers for different kinds of expenses. Thus, it is important to check whether there are any such sub limits or a maximum amount that will be paid by each plan for a particular expense.
-Once you have resolved all your doubts, it is time for you to make your choice. But with so many options available, it can be really bewildering for you to zero in on the most suitable health insurance India. However, you should choose a policy that can be used easily by you as well as your family members. It should include cashless hospitalization and certain inbuilt features of personal accident and disability insurance. The bottom line is you should make sure the insurance selected by you is able to fulfill your needs and requirements perfectly so that your ultimate aim of investing in it is realized.
If you follow the above rules properly, you can look forward to buying an effective and useful insurance policy to safeguard your health as well as that of your family members.
-Firstly, decide on the people in your family you want to provide cover to through the policy. Secondly, determine the coverage amount required. This should take into account the existing coverage provided by the insurance offered by your employer as well as a rough estimate of your health expenses. Thirdly, decide the kind of policy which would be the best for you, such as individual, critical illness, floater or any other specialized policy. Next, compare the policies of different insurance providers. When you are finished with all these, get in touch with a broker or agent for purchasing the chosen policy.
-No document is required for purchasing a Health insurance policy apart from the bank draft or cheque needed for paying your premiums. However, if your age is above 45, you may have to undergo a medical examination along with other diagnostic tests such as blood tests.
-An insurance policy for your health can be bought either from a provider of general insurance directly or from intermediaries such as insurance brokers or agents who are authorized for the job. Never forget to check the authenticity of the intermediaries by asking for their IRDA certificate. It is a sign of their credibility and authenticity. Therefore, never shy away from making queries about it.
-There are also certain questions that need to be asked before you sign on the dotted line for the policy. For instance, you should ask whether cashless claim settlement will be facilitated by the insurer. Again, it is very important to know the diseases and ailments that the policy will not cover, especially in its initial years. Also, your coverage may be affected by certain pre-existing conditions. The insurance provider should clearly specify what these conditions are. Some of the permanent exclusions include dental surgery, cosmetic surgery and AIDS. However, it is always better to clarify things.
Owing to escalating expenses related to health care, sub-limits have been enforced by many insurers for different kinds of expenses. Thus, it is important to check whether there are any such sub limits or a maximum amount that will be paid by each plan for a particular expense.
-Once you have resolved all your doubts, it is time for you to make your choice. But with so many options available, it can be really bewildering for you to zero in on the most suitable health insurance India. However, you should choose a policy that can be used easily by you as well as your family members. It should include cashless hospitalization and certain inbuilt features of personal accident and disability insurance. The bottom line is you should make sure the insurance selected by you is able to fulfill your needs and requirements perfectly so that your ultimate aim of investing in it is realized.
If you follow the above rules properly, you can look forward to buying an effective and useful insurance policy to safeguard your health as well as that of your family members.